Shhh! Indiana quietly suspends grants to technology startups

IEDC won't say why. One company says it may leave the state

4:26 PM,
Jul. 23, 2013

End of grant program questioned: A state grant program that Indiana entrepreneurs considered critical to their survival has been killed quietly ? very quietly. So quietly, in fact, that the Indiana Economic Development Corp, which administers the program, touted it in an annual report well after it was discontinued. So quietly, The Indianapolis Star found, that the IEDC's web site suggests the program is alive to this day. But it's not. It's dead. Or, rather, dormant. And that has some business innovators puzzled and concerned.

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UPDATE: After The Star first ran this story, the Indiana Economic Development Corp. changed its website, so there is no longer any mention of the now-dormant matching grant program. Here is how the web site originally looked. We have updated the story below.

STORY:

For years, the state of Indiana has given out matching grants to companies that won research awards from the federal Small Business Innovation Research program. ...